A budget is a plan prepared for the flow of funds in an organisation.
It contains financial guidelines for the future plan of action for a selected
period of time.
A budget helps to refine goals and use funds efficiently. It
provides accurate information for evaluation of financial activities, aids in
decision making and provides a reference for future planning.
Multiple budgets can be created for specific purposes in Tally.ERP 9. Budgets for
Banks, Head offices, Departmental budgets like Marketing Budgets, Finance
Budgets, and so on, can also be created. The Budgeted figures in Tally.ERP 9
can be compared with Actual figures and variance report can be generated.
In Tally.ERP 9, you can create, alter and delete a budget.
To activate the Budgets feature in Tally.ERP 9:
Select F11: Features > F1:
Set Maintain Budgets and
Controls? to Yes.
Accept to save.